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May 26 - 11:55 PM

AUD/USD - Soft With Risk Appetite And Further Lockdowns

By Andrew M Spencer  —  May 26 - 09:46 PM

  • -0.2%, as Melbourne goes into lockdown, and Asian stocks/risk fall

  • Strong CAPEX +6.3% v's 2% forecast had little impact nAZN02Z600

  • Victoria state to enter snap one-week COVID-19 lockdown nS9N2LK02P

  • Charts, momentum studies, 5, 10 & 21 daily moving averages coil

  • Neutral setup, as choppy USD led consolidation extends

  • AUD continues to trade in the 0.7670-0.7890 range since mid April

  • Value in fading 0.7685-0.7839 21 day Bolli band with stops outside the range

  • This week's 0.7706 low and earlier 0.7750 high initial support resistance


    For more click on FXBUZ


aud may 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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